Fuel prices up in Malawi

Fuel prices have gone up just after another adjustment last month, Malawi24 has learnt.

According to reports the new prices are with effect from today, 4th November 2016.

Fuel prices up!

Diesel has gone up to MK 815.80 from MK 766.90.

Petrol has since been hiked to MK 824.70 from MK 788.30.

Meanwhile, the Malawi Energy Regulatory Authority (Mera) has said electricity tariffs have not been hiked.

The electricity tariffs remain at MK 57.72 per unit.

The statement proceeds that the hike follows MERA board’s resolution to pass on only 50 percent increases in the landed costs on the pump prices.

“Further the remaining 50% of In Bond Landed Cost (IBLC) increase be absorbed through the price stabilisation fund to cushion consumers from the impact of the increases in the landed cost of petroleum prices,” added the statement.

This fuel increase means that the Malawi Energy Regulatory Authority has increased the fuel prices twice in a period of not more than 30 days and three times since June this year.

Last month, Mera observed that FOB values for petrol, diesel, and paraffin went up by 18.26 percent, 19.86 percent and 16.88 percent in that order between the latest review and the previous one in May.

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Dis exactly reminds me in de old good days with de late Du A Chisiza jnr and Wakhumbata a’sambleTheater with their play titled, STORM ON LITADA: Mainly de play was explaining more about on how de prize of all commodities were gone up such as water petrol, suger, electricty BUT MY SALLARIEY NOT GOING UP WHY ???

And if my memory serves me right, in 2012 or thereabouts, petrol was somewhere around K830… /litre but Went down due to the conducive market environment at that time. So when it comes to fuel pricing there are many factors that come into play. And we don’t have to be political rather we be sober, level headed, objective. When fuel price went down, tinauzidwa kuti nchifukwa chani, and yankholo tinakhutitsidwa nalo? Tinaloza aliyense chifukwa cha kutsikako? Nanga lero tiloze munthu chala. Free Market Economy! Automatic Pricing!

That’s too much and hope Mr President must tell us what logic he’s using to run the country because you denying us pay hike come on wake up Mr please please address us please, we the same people you will need in 2019 to put you back in power but you cornering us with no where to run

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